The Company leases its corporate offices, retail spaces and authentication centers under various noncancelable operating leases with terms ranging from one year to fifteen years.

The Company recorded operating lease costs of $7.3 million and $6.0 million for the three months ended March 31, 2021 and 2020, respectively. The Company also incurred $1.3 million and $0.9 million of variable lease costs for the three months ended March 31, 2021 and 2020, respectively. The variable lease costs are comprised primarily of the Company’s proportionate share of operating expenses, property taxes and insurance.

Maturities of operating lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):

Fiscal Year	Amount
Remainder of 2021	$	17,216
2022		26,796
2023		25,388
2024		25,134
2025		25,810
Thereafter		78,814
Total future minimum payments	$	199,158
Less: Imputed interest		(43,108	)
Present value of operating lease liabilities	$	156,050

As of March 31, 2021, the Company has entered into operating lease agreements that have not yet commenced. The Company will determine the classification at the commencement date for each lease, but currently expects these leases to be classified as operating leases. Pending execution of the landlord's obligations to prepare leased spaces for occupancy, the Company expects these leases to commence on various dates in the year ended December 31, 2021.

As of March 31, 2021, the Company’s estimated undiscounted lease payments for leases that have not yet commenced were as follows (in thousands):

Fiscal Year	Lease payments for leases not yet commenced
Remainder of 2021	$	342
2022		725
2023		760
2024		692
2025		575
Thereafter		1,907
Total undiscounted lease payments expected to be capitalized	$	5,001

Supplemental cash flow information related to the Company’s operating leases are as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Operating cash flows used for operating leases	$	6,541	$	4,597
Operating lease assets obtained in exchange for operating lease liabilities	$	29,950	$	18,122

The weighted average remaining lease term and discount rate for the Company’s operating leases are as follows:

	March 31, 2021
Weighted average remaining lease term	7.6 years
Weighted average discount rate		6.6	%

The Company has leases for certain vehicles that are classified as finance leases. The finance lease right-of-use asset and finance lease liabilities for these vehicle leases are immaterial as of March 31, 2021 and December 31, 2020.